Jun 11, 2019 • 05:00 pm ET

Scott J. Bowman

an average price of approximately $49 and currently have over $200 million remaining under the existing authorization. Since its inception, we have repurchased 7.6 million shares for an average price of slightly under $52. We paid our third quarterly cash dividend of $0.15 per share during Q1.

Now turning to guidance. Based on year-to-date trends, we are revising our fiscal year 2019 guidance as follows. Total revenues are expected to be in the range of $1.365 billion to $1.39 billion versus prior year guidance of $1.37 billion to $1.4 billion, reflecting growth of 8% to 10% versus the prior year. Comp store sales are expected to be in the range of negative 1.5% to positive 0.5% compared to previous guidance of flat to up 1.5%. We are projecting net income to be in the range of $103 million to $113 million versus prior guidance of $105 million to $117 million. Guidance was based on an effective tax rate of 22% to 22.5%, which is unchanged. Finally, EBITDA is expected to be in the range of $283 million to $295 million versus prior guidance of $285 million to $300 million.

Thank you for your interest in Dave & Buster's, and now I will turn the call back over to Brian.

Brian A. Jenkins

Well, thank you, Scott. I just want to close by reiterating our firm commitment to the four strategic priorities our teams focused on. These priorities are fundamental to enhancing our brand positioning and for driving long-term shareholder value. Our proprietary and exclusive games ability to promote our offering through national advertising, attractiveness to landlords and ability to attract the best talent are only a few advantages that set us apart from the competition. As always, I want to thank our entire D&B team for their continued hard work and to our shareholders for your continued support and interest in Dave & Buster's.